Concept:
Sharks are marine cartilaginous fishes that maintain osmotic balance differently from most marine organisms.
Step 1: Understand osmotic condition in sharks.
Sharks maintain high levels of urea and TMAO in their body fluids, making them:
• Nearly isosmotic with seawater
Thus, statement (i) is correct.
Step 2: Classify sharks.
Since their internal osmotic concentration matches the environment, they behave as:
• Osmoconformers
Thus, statement (ii) is correct.
Step 3: Evaluate remaining statements.
• (iii) Independent regulation → Characteristic of osmoregulators $\times$
• (iv) Osmoregulators → Not true for sharks $\times$
Step 4: Conclusion.
\[
\text{i and ii are correct}
\]